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In what ways can the Excel forecast tool help determine future base values from knowing the relationship between past values. The table below is an example. If you want to on your own, use the Excel forecast to predict future periods, using the same technique as the example at the URL.
Below you have been given some data over time; conduct a simple regression analysis of the data over time. What is the trend or message that this data is telling you? What might be missing from this data?
Discuss the function of the following statistical terms. Why are they important?
Line of best fit
R2 value
Slope
The following can be used to practice the Excel Regression if you like.
Pool
Base
Our review Determined
2011
3,000,000
1,500,000
2012
3,200,000
2,000,000
2013
3,300,000
2,200,000
2014
3,600,000
2,500,000
2015
3,400,000
2,300,000
Proposed
2,400,000
2,600,000
Use the Excel Forecasting tools to create projected revenue and profit, based on historical data.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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